Moove has quietly become one of the more valuable names in autonomous mobility. The company has raised $250m in a Series C round that values it at $2.1bn, a marker of how far it has travelled from its origins.
The backing is heavyweight. The round was led by Abu Dhabi’s Mubadala, with Toyota’s growth fund Woven Capital and Ion Pacific co-leading, and further money from BlueCrest, Sona Asset Management and the Raptor Group.
Moove’s pitch has shifted with the market. Founded in 2020 by Ladi Delano and Jide Odunsi, it started by financing vehicles for ride-hailing drivers in Africa who could not otherwise get a loan.
Now it frames itself as infrastructure. The company finances, owns and operates fleets across both human-driven and autonomous transport, positioning itself as the operator that keeps other companies’ cars on the road.
The scale is already real. Moove runs roughly 42,000 vehicles across 29 cities in 13 countries and reports about $420m in annual recurring revenue, numbers that lift it well beyond a regional financing play.
